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Investing.com - Truist Securities has raised its price target on Alphabet (NASDAQ:GOOGL) stock to $320.00 from $285.00 while maintaining a Buy rating following the company’s third-quarter results.
The firm cited Alphabet’s stronger-than-expected quarterly performance, which reflected both a healthy advertising market and accelerating growth across Search, YouTube, and Cloud segments.
Truist Securities noted that Google Search’s performance demonstrates that generative AI is expanding the search market, with Google remaining "the monetization engine of choice" in what the firm described as "Google’s war to lose."
The firm pointed to higher user engagement and growing ad monetization across various search modules and YouTube, attributing these improvements to AI integration throughout Alphabet’s products.
Truist Securities also highlighted that Alphabet’s increased capital expenditure planned for Q4 2025 and fiscal year 2026 should sustain higher revenue growth long-term, while careful operational expense management should help protect profitability and support share buybacks and dividends.
In other recent news, Alphabet has seen a series of positive analyst evaluations following its third-quarter earnings report. Goldman Sachs raised its price target for Alphabet to $330 from $288, maintaining a Buy rating due to strong growth in its Search & Other segment. JPMorgan also increased its price target to $300 from $260, citing Alphabet’s AI strength and a favorable outcome in a DOJ trial. KeyBanc echoed this sentiment, raising its price target to $300 from $265, highlighting product momentum across Alphabet’s various business segments.
Additionally, Alphabet announced a new partnership with the United Service Organizations (USO) to launch Google Beam, an AI-powered 3D video communication platform. This initiative aims to connect military families during deployments, with a pilot program set to start in 2026. Meanwhile, DA Davidson maintained its Buy rating for Microsoft, emphasizing continued cloud growth that outpaces competitors like Alphabet and Amazon. These developments underscore the dynamic landscape of the tech industry and the strategic moves by major players like Alphabet.
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